The cryptocurrency market continues to show strength. Some projects, in particular, contribute to this with the announcements they make. Vanar Chain, which announced yesterday that it would establish a partnership with a giant technology company, officially announced this today. The price of VANRY, the native token of the altcoin project that announced its partnership with NVIDIA, skyrocketed.
Vanar C.treacherous NVIDIA partnershipannounced, the altcoin price skyrocketed!
Vanar Chain, a Layer 1 BLockchain focused on NFTs, AI, and gaming metaverses, announced a partnership with NVIDIA. NVIDIA technologies including CUDA, Tensor, Omniverse and Gameworks will be integrated into the Vanar platform to provide support to the developer community. This move enriches Vanar’s products. It also provides developers with tools to create advanced AI solutions. Vanar Chain announced this development with the following statements:
Large Ecosystem Adoption: Vanar is excited to welcome NVIDIA as the latest addition to the VanarChain ecosystem! With NVIDIA’s infrastructure, Vanar AI, the metaverse and all projects that are part of the gaming ecosystem will gain access to the latest technology. Leveraging the support of NVIDIA and other upcoming partners, Vanar is positioned to lead AI innovation.
cryptokoin.comAs you follow from , Vanar Chain announced a major partnership yesterday. From the clues he gave, it was guessed that it was NVIDIA. He confirmed this with his announcement today. Following the announcement, the altcoin price made a strong move north. VANRY jumped from $ 0.24 to $ 0.37 during the day. Even though it loses some altitude, the token continues its flight. VANRY was trading at $0.3532 at the time of writing, up over 45% on a daily basis.
Altcoins are showing significant growth
The growing interest in altcoins is also reflected in the market value of the Total3 Index, which tracks the price performance of all cryptocurrencies except Bitcoin and Ethereum. Last week, the index showed that the market value was around $640 billion. However, this figure exceeded 700 billion dollars. Thus, it reached a new high of $720 billion for the first time this cycle. While the index’s market cap is 33% below the all-time high of $960.78 billion recorded in November 2021, it has come a long way from bear market levels of $450 billion. This showed significant growth in altcoin interest and investment.
Zooming in, AI-related projects, meme coins, dog-themed coins, and cat-themed tokens are some of the driving forces behind the altcoin resurgence. Bitfinex said the meme coin and AI indices on Coingecko are up 32% and 38% in the past seven days. Cat-themed coins, in particular, gained 64% last week. Thus, it recorded a cumulative market value of over $750 million.
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